Counterparty protocol proudly ported for Bitcoin (Cash)

counterparty.cash (XCPC)

The Protocol

The technology that allows Counterparty Cash nodes to communicate with each other via the Bitcoin Cash blockchain.

Assets

Create your own digital tokens in a matter of seconds, which can represent anything and are easily exchanged peer-to-peer.

XCPC

The native currency of Counterparty Cash, used for advanced features and representing stake in the protocol.

The Counterparty Protocol

The Counterparty protocol is an open source and extensively tested for 4 years on the legacy Bitcoin network from 2014-2018 before the counterparty.cash project launch. By allowing users to create and trade any kind of digital token, Counterparty enables anyone to underwrite assets and issue financial instruments and non-financial tokens, ticketing, licenses and redemption rights and much more on the Bitcoin blockchain.

With the launch and rapid growth in global adoption of Bitcoin (Cash) adding Counterparty Cash opens the floodgates to endless possibilities. By using the Bitcoin Cash blockchain and low transaction fees, fast transaction times and instant global peer-to-peer payments real-world scenarios can now be transformed into code and exechanged in the Distributed Exchange (DEX) with no need for an intermediary.

XCPC

counterparty.cash (XCPC) is used to provide protocol functionality. For instance, XCPC is the currency used to pay for the execution of all smart contract code. More generally, XCPC represents stake in the Counterparty protocol, running on the Bitcoin (Cash) chain and is the voting currency for changes to be decided on by the community.

XCPC will launch in Feb, 2018.

It is proposed there will be a “burning”

In January 2014, over 2,100 bitcoins were burned, creating about 2.6 million XCP.